88R13837 TYPED
By: Harris of Williamson H.B. No. 3408
A BILL TO BE ENTITLED
AN ACT
relating to the purchase of a vehicle on which a total loss has been
made by an insurer.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter E, Chapter 501, Transportation Code,
is amended by adding Section 501.098 to read as follows:
Sec. 501.098. TITLE NOT REQUIRED. Notwithstanding any
other provision of law, a metal recycler or used automotive parts
recycler may purchase from an insurer a vehicle on which a total
loss payment has been made by an insurer without obtaining a
certificate of title or salvage certificate for the vehicle if the
following apply:
(1) The vehicle is purchased from an insurer by a metal
recycler or used automotive parts recycler solely for the purposes
of recycling parts, dismantling or scrap.
(2) The metal recycler or used automotive parts
recycler submits to the department a form, prescribed and furnished
by the department and posted on the department's publicly
accessible Internet website, that contains the following:
(a) The vehicle information, including year,
make, model and vehicle identification number;
(b) Insurer information;
(c) Metal recycler or used automotive parts
recycler information;
(d) Anticipated method and date of final
disposition of the dismantled vehicle;
(e) An attestation by an authorized
representative of the metal recycler or used automotive parts
recycler that the vehicle is being purchased solely for the
purposes of recycling parts, dismantling or scrap; and
(f) A bill of sale that memorializes the transfer
of the vehicle between the insurer and the vehicle salvage dealer.
(3) The metal recycler or used automotive parts
recycler does not begin the dismantling or destruction of a vehicle
until two business days following the submission of the documents
listed under paragraph (2).
SECTION 2. This Act takes effect September 1, 2023.